Technology is a bigger part of our daily lives than ever. More useful apps hit the market monthly and the Internet of Things (IoT) keeps expanding the ways we are connected. If you’re living a digital lifestyle then according to technode these are the top 15 apps for modern life. While you’re exploring new apps the Brand Relevance Index report says Alipay, WeChat and Android are the most relevant brands to us currently. Xi Jinping’s ‘New Era’ went viral on social media this week as celebrities showed their support with the #SupporttheNewEra hashtag.
The Chinese economy’s retail growth shows no signs of slowing as the first three quarters of 2017 show year on year growth of 10.4 percent. The global success of some cryptocurrencies hasn’t gone unnoticed, and China’s central bank is now conducting research into launching a sovereign digital currency. A digital currency has the potential to reduce costs and increase the reach of financial services in China. In light of President Xi Jinping’s speech companies in the UK are gearing up to invest in China. It is hoped new measures designed to increase foreign investment will make it easier for them to expand into the region.
According to a UK tabloid a Chinese digital detox camp has been subjecting teens to cruel practices in order to cure their Internet addiction. They claim the local authority found some of the claims to be true, and are fining the school. Someone who doesn’t need a digital detox is an 89-year-old grandmother who became a local social media star after going on a road trip to explore the northwest of our country with her son. With the release of dozens of apps China’s communist Party clearly sees apps and the Internet as a crucial battlefield to reach younger members.
Facebook founder Mark Zuckerberg is dealt another blow as China has successfully blocked all WhatsApp services. Disruptions started a short while ago, but where restricted to photo, video and voice messages, but the final step in blocking all messages seems to have now been implemented. The perfect solution has hit the market for the more paranoid iPhone user. Full-face masks are being sold online as a preventative measure to having your iPhone X unlocked while you sleep. This all seems a bit much when you could just deactivate Face ID and use a passcode instead, but we thought we’d let you know just in case sleeping in a full face mask has ever appealed to you.
Dior is increasing brand relevance to millennials worldwide, using Weibo Story in China, and Instagram in the west. The short narrative created using video clips and photos has proved very popular in China, and with millennials in particular. This love of Weibo Story fits with recent data that shows the next generation of consumers is more interested in spending their money on experiences and leisure time than on acquiring more things. When we are enjoying our experiences we also like to take part in another phenomenon of the digital age, taking selfies. Apparently we are so determined to take the perfect selfie, we’ll spend hundreds to buy an unremarkable camera that claims to take the perfect selfie.
Alibaba have consulted their crystal ball and have seen the future. It lies in quantum computing and AI. They’re committing to 3-year $15 billion investment that will see several new research labs open, and they hope will put them ahead of the curve in discovering breakthrough technologies. If you like your future speculations a little more affordable, then downtown Changning’s entrepreneurship and innovation week might be of more interest. With over 2000 start-ups in the region, over 30 of the best are showcasing their products, and advancements in AI seem to be taking center stage. It seems we’re already on our way to fulfilling President Xi Jinping’s wish to make China a country of innovators.
China has seen a huge increase in e-payments over the last two years, with the total last year surpassing $5 trillion. It’s not surprising to discover we could become one of the first cashless societies. Paper money is so yesterday. Is this a contributing factor in China’s central bank governor predicting an extremely healthy seven percent growth forecast? Although actual growth has been high recently, economists expected it to start decreasing, while this prediction suggests a small increase.